Who Has the Cheapest Auto Insurance in Indianapolis?
Auto-Owners has the best cheap car insurance in Indianapolis, charging an average of $28 per month for minimum coverage.
Find Cheap Auto Insurance Quotes in Indianapolis
Best cheap car insurance in Indianapolis
To help drivers find the best cheap auto insurance in Indianapolis, IN, ValuePenguin gathered quotes from top car insurance companies across every ZIP code in the state.
Quotes for minimum coverage meet Indiana's state minimum requirements of $25,000 in bodily injury liability coverage per person and $50,000 per accident and $25,000 in property damage coverage. Full coverage quotes include comprehensive and collision protection, along with higher liability limits than state minimums.
We also ranked the best insurance companies in Indianapolis based on affordability, convenience, coverage options and customer service ratings.
Cheapest auto insurance in Indianapolis: Auto-Owners
Auto-Owners has the cheapest car insurance quotes in Indianapolis, with an average of $28 per month for minimum coverage.
That's 40% cheaper than the citywide average. The average cost of car insurance in Indianapolis is $46 per month for minimum coverage.
Compare Car Insurance Rates in Indianapolis
Minimum coverage in Indiana costs $40 per month on average, but people living in Indianapolis pay 15% more for coverage. Residents of large cities often pay more for auto insurance due to factors like increased traffic and auto theft rates.
Cheap minimum coverage car insurance in Indianapolis
Company | Monthly rate | |
|---|---|---|
| Auto-Owners | $28 |
| State Farm | $33 |
| American Family | $42 |
| Progressive | $46 |
| Farm Bureau | $48 |
*USAA is only available to current and former military members and their families.
Low rates make minimum coverage attractive to many drivers. In Indianapolis, a minimum coverage policy costs $72 less per month than full coverage insurance.
However, minimum coverage doesn't pay for any damage to your own vehicle after an accident, which means you'll have to pay for the cost of any repairs. For that reason, we recommend full coverage insurance to most drivers, especially those with a car that's less than 10 years old or worth more than $5,000.
Cheapest full coverage quotes in Indianapolis: State Farm
State Farm has the most affordable rates in Indianapolis for full coverage. A full coverage policy from State Farm costs $79 per month, which is 33% cheaper than the city average.
The average cost of full coverage car insurance in Indianapolis is $118 per month.
Company | Monthly rate |
|---|---|
| State Farm | $79 |
| Auto-Owners | $89 |
| Travelers | $120 |
| Progressive | $122 |
| American Family | $123 |
*USAA is only available to current and former military members and their families.
Full coverage from Allstate, the most expensive company, costs $110 more per month than a policy from State Farm, the cheapest company. That's why it's important to shop around to find the best cheap car insurance for you.
In addition to liability insurance, a full coverage policy includes collision and comprehensive coverages.
- Collision coverage pays for repairs to your car after you crash into another car or a stationary object, no matter who is responsible.
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Comprehensive coverage pays for damage to your car caused by noncollision accidents, like storms or theft, along with collisions with animals.
Cheap car insurance for drivers with prior incidents
State Farm has the cheapest car insurance quotes for Indianapolis drivers with traffic violations on their records and those with poor credit.
Drivers with a speeding ticket, accident or DUI usually pay more for insurance than those with a clean record. That's because insurance companies believe they're more likely to cause an accident in the future, making them more expensive to insure.
Cheapest car insurance after a speeding ticket: State Farm
State Farm has the most affordable coverage after a speeding ticket, at $86 per month for full coverage. That's 42% less than the city average for a speeding ticket, which is $148 per month.
Company | Monthly rate |
|---|---|
| State Farm | $86 |
| Auto-Owners | $89 |
| American Family | $140 |
| Travelers | $152 |
| Farm Bureau | $168 |
A single speeding ticket will raise your car insurance rates in Indianapolis by around $30 per month. Rates increase far more after an at-fault accident ($70 per month) or a DUI ($80 per month).
Cheapest car insurance after an accident: State Farm
State Farm has the cheapest full coverage rates after an at-fault accident, with an average of $106 per month. That's 44% cheaper than the Indianapolis average, which is $188 per month.
Company | Monthly rate |
|---|---|
| State Farm | $106 |
| Auto-Owners | $114 |
| Travelers | $168 |
| American Family | $207 |
| Farm Bureau | $210 |
On average, auto insurance rates in Indianapolis increase by 59% after an at-fault accident.
However, not all insurance companies will raise your rates by the same amount after an accident. Auto-Owners only increases rates by 28% after a single at-fault accident, while rates from Progressive nearly double.
Cheapest car insurance in Indianapolis after a DUI: State Farm
State Farm has the best rates for Indianapolis drivers with a DUI. A full coverage policy from State Farm costs $100 per month — 49% less than the city average.
Company | Monthly rate |
|---|---|
| State Farm | $100 |
| Progressive | $162 |
| Travelers | $176 |
| Auto-Owners | $227 |
| American Family | $232 |
A DUI on your record will cause full coverage rates to increase by an average of 67% in Indianapolis, from $118 per month before you receive a citation to $197 per month afterward.
Cheapest car insurance for drivers with poor credit: State Farm
State Farm has the cheapest rates for drivers with poor credit. At $196 per month for full coverage, State Farm's rates are 9% cheaper than the city average.
Company | Monthly rate |
|---|---|
| State Farm | $196 |
| Travelers | $200 |
| Progressive | $200 |
| Geico | $205 |
| American Family | $222 |
Drivers in Indianapolis with a bad credit score pay 82% more for car insurance than people with good credit. That's a difference of $96 per month for full coverage insurance.
Your ability to drive safely has nothing to do with your credit score. But insurance companies charge drivers with poor credit more for insurance because those drivers are more likely to make a claim in the future, making them more expensive to insure.
Cheap quotes for teen drivers in Indianapolis: Auto-Owners
Auto-Owners and State Farm have the best rates for young drivers in Indianapolis.
The cheapest quotes for minimum coverage come from Auto-Owners, where a policy costs an average of $114 per month for an 18-year-old driver. Minimum coverage from State Farm is only $1 more per month. Both companies cost 22% less than the Indianapolis average.
State Farm has the cheapest full coverage rates for teens, with an average of $253 per month. That's 28% cheaper than the city average, and $39 less per month than Auto-Owners.
USAA offers even cheaper rates for young drivers that are enlisted in the military or have a family member that serves.
Monthly car insurance quotes for Indianapolis teens
Company | Liability only | Full coverage |
|---|---|---|
| Auto-Owners | $114 | $292 |
| State Farm | $115 | $253 |
| Progressive | $134 | $389 |
| Geico | $138 | $335 |
| Travelers | $154 | $350 |
Teen drivers pay more for car insurance because they have less experience behind the wheel, which means they're more likely to cause an accident.
In Indianapolis, an 18-year-old driver can expect to pay three times more for car insurance than a 30-year-old driver.
The best way for teen drivers to find affordable car insurance is to share a policy with their parents if possible. Having a joint policy is usually much cheaper than the cost of two separate policies.
Cheapest quotes for teen drivers with traffic violations: Auto-Owners
Auto-Owners has the most affordable quotes for teen drivers with incidents on their records.
A minimum coverage policy from Auto-Owners costs $127 per month for an 18-year-old driver after a single speeding ticket, which is 33% cheaper than average. Teen drivers pay around $155 per month for minimum coverage from Auto-Owners after an at-fault accident.
Teens with a bad driving record should also compare quotes from State Farm, which tends to offer low rates for young drivers.
Monthly minimum coverage quotes for young drivers
Company | Speeding | Accident |
|---|---|---|
| Auto-Owners | $127 | $155 |
| State Farm | $127 | $159 |
| Progressive | $177 | $227 |
| Geico | $181 | $224 |
| Travelers | $192 | $219 |
Indianapolis teens with a bad driving record pay a lot more for car insurance than those with a clean record. On average, insurance companies raise minimum coverage rates by 28% after a single speeding ticket, and 19% after an at-fault accident.
Cheapest car insurance for married drivers: State Farm
State Farm has the best quotes for married drivers in Indianapolis. State Farm charges $79 per month for full coverage, which is 32% cheaper than average in Indianapolis.
Company | Monthly rate |
|---|---|
| State Farm | $79 |
| Auto-Owners | $89 |
| Progressive | $103 |
| Travelers | $121 |
| American Family | $123 |
Married drivers in Indianapolis pay $2 less per month than unmarried drivers do, at an average of $116 per month for full coverage. Rates are cheaper for married drivers because they tend to get into fewer accidents than their unmarried counterparts.
Average car insurance cost in Indianapolis, by ZIP code
The cheapest full coverage in Indianapolis is in ZIP code 46280 near Carmel. The most expensive is in 46218, which includes the Martindale-Brightwood neighborhood.
Depending on where you live in Indianapolis, full coverage rates can differ by up to $24 per month. This is because insurance companies consider population density, crime rates, a high percentage of uninsured drivers and high-traffic areas when determining your insurance costs.
Full coverage quotes by Indianapolis ZIP code
ZIP code | Monthly cost | % from average |
|---|---|---|
| 46201 | $125 | 6% |
| 46202 | $122 | 3% |
| 46203 | $123 | 4% |
| 46204 | $121 | 3% |
| 46205 | $126 | 6% |
Frequently asked questions
Who has the cheapest car insurance quotes in Indianapolis, IN?
Auto-Owners has the cheapest minimum coverage car insurance in Indianapolis, at $28 per month. Drivers who need full coverage insurance can find the best rates at State Farm, where a policy costs $79 per month.
How much is full coverage car insurance in Indianapolis, IN?
The average cost of full coverage insurance in Indianapolis is $118 per month, which is 11% more expensive than the Indiana state average. State Farm has the cheapest full coverage quotes, with an average rate of $79 per month.
What car insurance is required in Indianapolis?
In the state of Indiana, drivers must have $25,000 of bodily injury liability per person and $50,000 per accident, along with $25,000 of property damage liability per accident. This is sometimes referred to as 25/50/25.
Methodology
To find the best cheap car insurance companies in Indianapolis, ValuePenguin gathered and analyzed quotes from nine of the largest companies in Indiana. Rates are for a 30-year-old single man with a good credit score and clean record who drives a 2015 Honda Civic EX.
Full coverage quotes include collision and comprehensive coverage, along with higher liability limits than the Indiana state requirement.
- Bodily injury liability: $50,000 per person and $100,000 per accident
- Medical payments coverage: $10,000
- Property damage liability: $25,000 per accident
- Uninsured/underinsured motorist bodily injury: $50,000 per person and $100,000 per accident
- Comprehensive and collision deductible: $500 deductible
Quadrant Information Services provided ValuePenguin with the rate data used in this analysis. Rates were publicly sourced from insurer filings. Your own quotes will likely differ based on your personal information; the quotes in this study are intended solely for comparative purposes.